Stacy in Dataland (´⊙~⊙`)

Aave saw ~$27M in liquidations after a temporary glitch in the CAPO oracle for $wstETH. Protocol itself wasn’t compromised and affected users are being reimbursed. Still, it’s another reminder: in DeFi, oracles are just as critical as liquidity. Infrastructure risk never fully disappears.

Interesting shift on Solana DEXs lately. Bitcoin-related tokens pulled $53M+ in spot volume in a single day, outperforming most non-native assets. ETH, Hyperliquid, and even Zcash are also seeing strong demand there. Solana is becoming a liquidity venue for external assets, especially BTC beta.

RWAs on BNB Chain hit another ATH. Ondo’s tokenized stocks are doing most of the heavy lifting, already pulling 40K+ holders into the ecosystem.

The Old Structure of Web3 Marketing is Dead Was thinking a lot about Web3 marketing recently and decided to drop a piece with my latest thoughts on what's going wrong. Featuring the Starknet case as an illustration. Enjoy reading & share with your builder frens

Weekly insights just for you ↓ General ➖ 4pillars: EV/Holder Revenue: A Token Valuation Framework ➖ 4pillars: Monthly EIP - Feb 2026 (ft. ETH's Roadmap Is Accelerated by Governance, Not AI) ➖ Cointelegraph: How United Nations Development Programme is using blockchains for public infrastructure ➖ Galaxy: Weekly Top Stories - 03/06/26 Market ➖ CoinShares: Equities update | March 6th 2026 ➖ CoinShares: Market update - March 6th, 2026 ➖ CoinShares: The bear market that wasn't ➖ CoinShares: Digital asset fund flows | March 9th, 2026 ➖ CoinShares: Digital asset bi-weekly digest | March 10th, 2026 ➖Crypto.com: Market Update (February 2026) ➖ Binance: Monthly Market Insights - March 2026 ➖ Binance: Weekly: Mine Fields, Midterm Cycles, Asymmetric Opportunity ➖ Glassnode: BTC Market Pulse: Week 11 ➖ Galaxy: The State of Crypto Leverage – Q4 2025: Surviving a Stress Test DeFi ➖Crypto.com: The Rise of the Autonomous Wallet Tokens & currencies ➖ CoinShares: Bitcoin price during the Iran conflict: what the data shows ➖ 4pillars: Tokenized Stocks Framework and Global Case Studies ➖ DL Research: Tokenised stocks: What’s really under the hood

Ethereum usage is at ATHs – more addresses, more transfers, more contract calls than even 2021. Yet ETH price sits >50% below peak. That disconnect tells the story: network growth is real, but liquidity is leaving. Activity doesn’t move price if capital flows out.

Everyone keeps debating tokenized Treasuries, real estate, and funds. But the data says something simpler: stablecoins dominate RWA adoption by a massive margin – millions of active addresses vs a few thousand for every other asset class. Turns out most users just want a dollar that moves on-chain.

Equity perp spreads blow out during earnings – about 7× wider on average – but traders don’t seem to care. They’re already using perps as leveraged event bets, happily paying 15-40%+ funding and eating the spreads if the directional move lands. Product-market fit is already here, now it’s just a matter of infrastructure catching up.

Morpho’s market size jumped +$1B WoW (+20%), and most of it traces back to Katana integrations with OKX and Binance. Fresh USDT and USDC are bridging in, but here’s the interesting part: the same liquidity gets counted twice. First in the Ethereum bridge vault, then again once it’s deployed on Katana. The capital flows matter as much as raw deposits. When liquidity starts routing through one infra layer, the numbers (and the narrative) scale fast.

The “ETH killers” narrative keeps circulating… but the liquidity map says otherwise. Ethereum still holds ~56.6% of all DeFi TVL, with every other chain fighting over the remaining half. The ecosystem keeps fragmenting, but capital keeps settling back to the same gravity well. In DeFi, liquidity compounds. And Ethereum is still where the deepest pool sits.

Here’s the truth behind the lobbying war. Big banks generate ~70–80% of their net interest income from depositor funding – cheap deposits that they recycle into higher-yield assets. Products like Coinbase ONE start breaking that model by giving users yield closer to the underlying rate. So the push to shape the CLARITY Bill is an attempt to protect the depositor subsidy, because once yield moves on-chain, the banking margin game gets a lot harder.

Ethereum is still the stablecoin balance sheet, while L2s are becoming the distribution pipes. Over the last year, Ethereum supply climbed from $135B → $184B (+36%), while major L2s expanded even faster, $13.7B → $19.1B (+40%). Same system, different roles: L1 stores the dollars, L2s move them.